Jerry Seinfeld's Children are not 'Rich Brats'

There's hardly a child in the world who does not love receiving costly gifts. However, contradicting this concept, Jerry Seinfeld claims his children get upset and hesitate to accept expensive gifts, even from their parents.

Seinfeld, whose reportedly worth an estimated $800 million, opened up about his family and children with The New York Times Magazine recently.

Seinfeld married public relations executive for Tommy Hilfiger, Jessica Sklar in 1998. The couple has three children; 12-year-old daughter Sascha and two sons, nine-year-old Julian Kal and seven-year-old Shepherd Kellen.

According to the proud father, his children are brought up so nicely that they don't behave like "rich brats," The New York Times Magazine reported.

Seinfeld's daughter Sascha got upset when her mother gave her an iPhone 5. Sascha rejected the gift by describing it as a "mean-girl phone" and demanded her mom replace it with a cheaper one.

Similarly, son Julian often criticizes Seinfeld for keeping a large Porsche car collection, by referring to his father as being "spoiled." According to reports, Seinfeld has 46 Porsches.

During the chat, Seinfeld also revealed about his children inheriting his sense of humor.